Stock futures are flat ahead of a fresh batch of economic data

U.S. stock futures were little changed on Thursday morning as investors looked ahead to several economic reports scheduled for release in the morning.

Futures for the Dow Jones industrial average rose 26 points, or 0.08%. S&P 500 futures added 0.09%, and Nasdaq 100 futures rose 0.06%.

Earlier in the day, the major averages ended a mixed session on a modestly higher note. After falling more than 200 points at one point, the Dow closed slightly higher by 30 points. The S&P 500 rose 0.3%, and the Nasdaq Composite advanced 0.7%.

Stocks sought stability after a warmer-than-expected inflation report on Tuesday marked its worst day since 2020. August Consumer Price Index Report Inflation edged up 0.1% on a month-on-month basis, despite a decline in gas prices.

“It’s hard to extrapolate the events of a day,” Jeff DeGraff, founder and president of Renaissance Macro Research, said on CNBC’s “Closing Bell: Overtime.” “This is one of those extreme cases where there is no follow-up, and that would be good news, not bad.”

“Inflation is really a dark cloud over stocks, but I think it’s really important for people to keep in mind that there’s good and bad in the market, not good and bad,” he added. It’s getting better.”

Wednesday Producer Price Index Report August saw a 0.1% drop in wholesale prices, which deGraaf said gave him some comfort.

Investors look ahead to economic updates Thursday morning, including retail sales, import prices and jobless claims, as well as the Philadelphia Fed manufacturing survey and the Empire State manufacturing survey — all at 8:30 a.m. ET.

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